Sabato, 23 Settembre, 2017

US, Canada, Mexico pledge quick work to update NAFTA

"I don't think we can make a deal" Trump this week said of the NAFTA renegotiations
Acilia Dean | 24 Agosto, 2017, 07:01

Trump was likely pandering to his supporters when he made the comments in Phoenix, he added.

I join producers in Nebraska and across the country in watching closely as NAFTA negotiations continue.

During his speech Tuesday, Trump said the deal would "probably" be terminated, sounding a threatening note just days after the first round of renegotiation talks concluded in Washington, D.C.

The Canadian dollar eked out a modest gain against the USA dollar on Wednesday, supported in part by firmer oil prices, as cautious investors positioned themselves ahead of a meeting of global central bank leaders later this week.

"When it comes to overall positive results for North America's farmers and ranchers, NAFTA has proved itself as a solid foundation for trade", said AFBF President Zippy Duvall.

Ron Davidson, the Director of International Trade, Government and Media Relations with Canadian Meat Council, says the North American livestock and meat sectors are very closely aligned in their support for NAFTA. "In every negotiation, the threat of walking away from the table, and how believable it is, is a pretty key aspect".

However, the Congress does not seem at all disposed to withdraw from the NAFTA. In Congress, farm-state lawmakers have urged USA negotiators to do nothing that would imperil US agricultural exports to Mexico and Canada.


Wednesday he told Mexican television Trump was "negotiating in his own particular style".

If Trump wants to brag that he got Canada and Mexico to agree to incorporate reducing trade deficits as a stated objective into the treaty, then this is something they can give him essentially for free. As the Canadian consul says, "The optimism I have is that fact based arguments will take hold and that people will say, 'Hey, you know what?" It could also mean USA investors in Mexico and Canada wouldn't be able to submit their grievances to ISDS either. It plans to propose removing a key, though controversial, element that protects companies' investments overseas.

Overall, corn and corn products today account for more than 30 percent of US farmer income, according to the National Corn Growers Association.

"Trade negotiations often have moments of heated rhetoric", said Adam Austen, spokesman for Chrystia Freeland, Canada's minister of foreign affairs. Could political point-scoring on trade issues leak into negotiations?

Reducing technical trade barriers and the improving logistical movement of products, he said, would benefit all three countries.

The case is to bring ultimately before the courts, which may make it likely that the president can not repeal, without the support of Congress, the Law on NAFTA, passed in 1994, " said Tim Meyer, a professor of worldwide commercial law and former prosecutor of the u.s. government. The front runner for the election, Andres Manuel Lopez Obrador, has promised to get tough on trade with the U.S.

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